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More Squawk From Jim Cramer: Qorvo (QRVO) Stock Decline Is 'Individual Issue'

NEW YORK (TheStreet) -- Shares of Qorvo (QRVO) were tumbling 9.70% to $55.49 in early-morning trading on Wednesday after the Greensboro, NC-based semiconductor company reported a year-over-year decline in gross margin for the 2017 first quarter.

Gross margin fell to 48.2% from 51.5% in the period "primarily due to a mix shift to lower margin products," the company said in a statement.

Qorvo and other semiconductor stocks such as Skyworks (SWKS) and Broadcom (AVGO) "had been doing great," which makes the results confusing to some people, TheStreet's Jim Cramer said on...